Article: “Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed”
So, in the middle of an economic crisis, what is Iraq doing and what are their plans?
Implement tariff’s, initiate income tax, lower staff salaries and remove subsidies for fuel, and electricity (excluding the displaced).
Not much of a plan if you’re a regular Iraqi, in fact, it’s terrible.
They’re going to be the ones bearing the brunt of the economic mess Iraq’s in.
At every turn they ignore the obvious actions that are needed to create an open market economy and add value to their currency and overall economy.
I haven’t seen a whisper about raising the value of the dinar, in fact, there are some calling for a devaluation to 1300-$1.
Iraq has a long history of ignoring IMF instructions in 2005, the Paris Club and even their agreement with Kuwait.
